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<br />go to the United Stales Government.
<br />The District began a regular payment program in
<br />1072. when the Board of Directors agreed with the
<br />United States Bureau of Reclamation to pay 2j10ths
<br />(lC the 4jlOlhs mills being assessed on the District, and
<br />$4.HO for each acre-Coot of Project water purchased.
<br />The following reflects the payments made by the Dis-
<br />trict 10 the United States:
<br />
<br />Year Ad Valorum Tax Water Sales
<br />
<br />~
<br />o
<br />....
<br />QCl
<br />(C
<br />t.I:l
<br />
<br />1972
<br /> $145,863
<br />1973
<br /> $157,918
<br />1974
<br /> $183,207
<br />11)75
<br />
<br />20,000 A.F.
<br />$ 96,000
<br />11,000 A.F.
<br />$ 52,800
<br />18,600 A.F.
<br />$ 89,280
<br />15,000 A.F.
<br />$ 72,000
<br />$310,080
<br />
<br />$205,607
<br />$692,595
<br />
<br />ALLOCATION PRINCIPLES
<br />FINDINGS, DETERMINATIONS
<br />AND RESOLUTIONS
<br />The members of the Board of Directors spent
<br />nearly 16 months working on different drafts of a
<br />Proposed Long.Range Water Allocation Policy. Many
<br />special meetings of the Board were held, in order that
<br />the Directors might discuss this complicated and far-
<br />reaching concept with representatives Crom entities
<br />within the District, and a considerable amount of legal
<br />and engineering work had to be accomplished at the
<br />same time. Nine different draCts of a Proposed Allo.
<br />cation Policy were developed, and on June 30. 1975,
<br />the Board adopted Policies which would allocate 5170
<br />of the Project waters Cor Municipal use, and 499'0 for
<br />Agricultural use. The 51 % was broken down further
<br />to provide that 25%, or an average of 20,100 acre-feet
<br />would be allocated to the Fountain Valley Pipeline;
<br />1270, or 9,600 acre-feet to the Arkansas Valley Con-
<br />duit; 10%, or 8,600 acre-feet to the Pueblo Board of
<br />Water Works; and 4<;0, or 3,200 acre-feet to the enti-
<br />ties West of Pueblo. Those percentages were carefully
<br />considered by the Board, and were based upon existing
<br />and projcted population. decreed water supplies and
<br />the annual average estimated Projcet water available
<br />to the District.
<br />]n allocating 40% oC the annual anlount of Proj.
<br />ect water to agriculture, the Board carefully considered
<br />the Contract with the United States Government, the
<br />Operating Principles, Colorado Water Law and all
<br />other Legal and Operational requirements under which
<br />the District must operate. It was the determination of
<br />the Board that a representative amount of Project
<br />water should be made available for agricultural pur.
<br />poses, due to the absolute importance of that segment
<br />of the economy within the District. It was the hope
<br />of the Directors that the 49%, in addition to the
<br />amount of agricultural water stored under the Winter
<br />Storage Program, would help provide a realistic Water
<br />
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<br />IU'U ~A" ~"ATO"". lu."O'''"
<br />"U""O.OO"""'O..""'.
<br />
<br />'.1
<br />
<br />ACCOUNTAlITS'OPUlION
<br />
<br />Southultern Colorldo Wlt.r Conser"oncy Ohtrict
<br />Pueblo,Coloudo
<br />
<br />W. hi". uom1n.d the bollnc. ,heu.l_ g.nerd fund and tbe blhnce sheet .
<br />hnd, buildt"il Ind equip..ent of tho Southeutern Color.do Wlte.. Conler"."ty
<br />Ollttlet II of necmbu 31,1913 o.nd necember 31, 1974, Ind the rd.ted
<br />.tltemont. of china" tn fundbolance_ aenud fund .nd of rl"eouu Ind
<br />upendituru -Iener.l fund fo.. tho yeus then ended. Our u:llllin.tion WI5
<br />mid. in .etord.ne. v1th le"erdly .ccepted ludltll\8 st.ndndl Ind, .ceoed.
<br />1naly, Included. .ucll tUtl of the .ccount1na r.eordl .nd such other audltinll
<br />proeed".... n... con.idered n.cenary in theel..e""",t.ncu.
<br />
<br />The Dhtrlct lilY b.. 10 v101.tioo of Locll GovlrT\lllOl!n~ Budau StotUtU 88.1_1
<br />to 19 .nd 86_3.1 to 2 InclUSive, 1963 CRS. ExpendHut.. for thepurehlU
<br />of prOJlee wlter Wit.. in ....e... of budlet. 1975 alnerd property ~.x col_
<br />lectionl vere in ....c... of IO~X of thl 1974 collectionl IS dllphyed in
<br />Noeln to thl Hn.ncid lelc""""t..
<br />
<br />In our opinion. tho .ccoalpanylng fln.ncld It.t_nU prlnnt htrIy thl
<br />Un.nchl pOlitlon of theSoueh....ternColor.doll.t.... Con.erv.ncyDl.trlct
<br />It Decenbu 31,1975 and D.ceabu 31, 1914 Ind the r..ults of 1t~ op....tlons
<br />for ch.Ylar. then ended, in conforod.ty w:1thaenudly Iccepted Iccountil\8
<br />principle. oppl1edon .coMhteoc b.sh.
<br />
<br />/tJL!/JII7d~t~~ciL
<br />
<br />P"ebruary20,1976
<br />
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